NOG vs. USCI
NOG (Northern Oil and Gas, Inc.) is a stock, while USCI (United States Commodity Index Fund) is Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. Over the past 10 years, NOG returned -2.51%/yr vs 9.20%/yr for USCI. Their 0.42 correlation means their historical movements had little consistent relationship.
Performance
NOG vs. USCI - Performance Comparison
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Returns By Period
In the year-to-date period, NOG achieves a 2.37% return, which is significantly lower than USCI's 30.16% return. Over the past 10 years, NOG has underperformed USCI with an annualized return of -2.51%, while USCI has yielded a comparatively higher 9.20% annualized return.
NOG
- 1D
- 1.49%
- 1M
- 20.44%
- 6M
- -12.08%
- YTD
- 2.37%
- 1Y
- -18.99%
- 3Y*
- -13.95%
- 5Y*
- 9.05%
- 10Y*
- -2.51%
- ALL TIME*
- -2.08%
USCI
- 1D
- 0.05%
- 1M
- 9.30%
- 6M
- 19.52%
- YTD
- 30.16%
- 1Y
- 35.83%
- 3Y*
- 19.78%
- 5Y*
- 19.95%
- 10Y*
- 9.20%
- ALL TIME*
- 4.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.84M | $61.54M | $65.18M | |
| $1.01M | $1.13M | $1.88M |
NOG vs. USCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | 2.37% | -38.20% | 4.84% | 25.54% | 54.51% | 136.72% | -62.56% | 3.54% | 10.24% | -25.45% |
USCI United States Commodity Index Fund | 30.16% | 17.63% | 17.24% | 0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.76% | 6.32% |
Correlation
The correlation between NOG and USCI is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2010 | 0.42 |
The correlation between NOG and USCI shifts across timeframes, from 0.42 (all time) to 0.54 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NOG vs. USCI — Risk / Return Rank
NOG
USCI
NOG vs. USCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Oil and Gas, Inc. (NOG) and United States Commodity Index Fund (USCI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NOG | USCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.36 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 3.22 | -3.68 |
| Martin ratioReturn relative to average drawdown | -1.03 | 10.29 | -11.32 |
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Drawdowns
NOG vs. USCI - Drawdown Comparison
The maximum NOG drawdown since its inception was -98.96%, which is greater than USCI's maximum drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for NOG and USCI.
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Drawdown Indicators
| NOG | USCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.96% | -66.41% | -32.55% |
Max Drawdown (1Y)Largest decline over 1 year | -41.43% | -11.19% | -30.24% |
Max Drawdown (3Y)Largest decline over 3 years | -55.08% | -12.01% | -43.07% |
Max Drawdown (5Y)Largest decline over 5 years | -55.08% | -18.84% | -36.24% |
Max Drawdown (10Y)Largest decline over 10 years | -92.15% | -45.82% | -46.33% |
Current DrawdownCurrent decline from peak | -91.84% | -1.85% | -89.99% |
Average DrawdownAverage peak-to-trough decline | -69.89% | -29.27% | -40.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.41% | 3.50% | +15.91% |
Volatility
NOG vs. USCI - Volatility Comparison
Northern Oil and Gas, Inc. (NOG) has a higher volatility of 16.52% compared to United States Commodity Index Fund (USCI) at 5.30%. This indicates that NOG's price experiences larger fluctuations and is considered to be riskier than USCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOG | USCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.52% | 5.30% | +11.22% |
Volatility (6M)Calculated over the trailing 6-month period | 33.58% | 14.27% | +19.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.31% | 17.21% | +29.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.16% | 18.42% | +30.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.52% | 15.91% | +54.61% |
Dividends
NOG vs. USCI - Dividend Comparison
NOG's dividend yield for the trailing twelve months is around 8.51%, while USCI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | 8.51% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% |
USCI United States Commodity Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NOG and USCI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOG has higher volatility (16.52%) compared to USCI (5.30%). In terms of maximum drawdown, NOG dropped -98.96% vs USCI's -66.41%.
USCI currently has the higher Sharpe Ratio (2.10 vs -0.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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